Category Archives: global warming

Kay Bailey Hutchison, Newt Gingritch, John Boehner and the President of the United States Are All Proven Liars

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 Add to that list T. Boone Pickens and American Solutions (thus Grover Norquist). The high oil prices and the high gasoline prices were the direct result of Market Manipulation by commodity speculaters. It did not amount to the “single largest transfer of wealth overseas”, as Pickens claims. Almost all of those speculaters were right here in the good old US of A. They took billions of $$$ from poor and middle class people pockets. Those that could least afford it as their capitalist schemes brought the financial markets down.

Oil is now below 80$$ per barrel and gas is below 3$$ per gallon. Not a single new well has been drilled. No appreciable amount of oil has been added to the system. In other words, no new “supply” was added to the “market” and yet prices are falling. Hmmm so when are people going to go to jail?

 But bigger questions remains. Now that the market has been destabilized by speculators how low can the price of oil go? The Saudi’s estimate that it costs them 40$$ to put a barrel of oil on the deck of a ship, and ironically another 10$$ to ship it. Can the price of oil drop below 50$$ a barrel? And what happens then?

The Big Oil Companies worst fears have arrived. As millions of Americans (yours truely included) shed billions of miles of driving reducing demand for gasoline in unprecidented fashion, what will the outcome be for the automobile industry and what is left of America’s manufaturing base.

Oh did I mention – When are people going go to jail for this “harmless little prank”?

 www.yuwantitwhen.com

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Presidential Energy Policy – What if Community Energy Systems was running for President?

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What would our collective Presidential Energy Policy look like? :

1. Ban the sale of Gasoline and Diesel as of January 2015, except 1 gallon containers and Heavy Transport Trucks.

2. Ban Diesel and Gasoline sales to Heavey Transport Trucks by 2018.

This would allow everyone to keep mowing their grass and having their backyard barbeques while the USA shifts its transportation capacity to cleaner safer fuels.

3. Ban the Burning of coal in Electrical Generating Stations in 2020.

That would require switching all those plants to another fuel source, probably natural gas.

4. Fund 3 Hot Rocks Power Stations. One in California to replace Diablo Nuclear Power Plant, One to replace Clinton Nuclear Power Plant in Illinois and one to replace Savannah Nuclear Power Plant in Georgia. This would begin the proceess of Converting our economy to geothermal energy on existing sites where Nukes should not be in the first place.

This would proceed for all Nuclear Power Plants in the nation.

 5. Create and support manditory energy conservation programs in both the residential market and the commercial market to reduce their consumption by 50%.

Lets insulate and modernize our world.

6. Order all Landfill operaters and Waste Haulers to begin the mining of all landfills and dumps for metals, glass, plastics and and paper products. Compost the rest.

7. Mandate that all materials be recycled with the goal of a steady state materials economy in the USA by 2020

8. Using tax incentives to increase the Market share of solar, geothermal and wind generation by 25% per year until the USA is largely energy self sufficient.

9. Create a maglev train system in the USA

10. Create a light rail system in the top 50 major markets.

11. Ban the sale of diesel fuel to the railroads in 2025.

12. Open the Yucca Mountain repository by Executive Order if necessary and order all spent nuclear materials to be stored there.

To pay for this I would cut the military budgets of the following services: reduce the Navy to 2 active Fleets, one on the West Coast, one on the East Coast; reduce the Army to 4 batallions; reduce the Airforce to 4 Airwings; leave the Marines alone.

To pay for these policies I would slash the Pentagon staff in half, and the “spying budget” by 1/3.

To pay for these policies I would close the Federal Office of Education. Then I would start in on some of the stupid Federal Budget items that we as tax payers fund, like closing the National Helium Repository in Texas. We sure won’t need the Strategic Petroleum Resevre.

This program would create million of new good paying jobs. Put this country back to work and not flipping burgers at McDonalds.

John McCain’s Global Warming Policy – Well, he calls it Climate Change

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But you know what he means, right? nudge nudge wink wink Know What He means?

 http://www.johnmccain.com/Informing/Issues/da151a1c-733a-4dc1-9cd3-f9ca5caba1de.htm

Climate Change

John McCain will establish a market-based system to curb greenhouse gas (GHG) emissions, mobilize innovative technologies, and strengthen the economy. He will work with our international partners to secure our energy future, to create opportunities for American industry, and to leave a better future for our children.John McCain’s Principles for Climate Policy

  • Climate Policy Should Be Built On Scientifically-Sound, Mandatory Emission Reduction Targets And Timetables.
  • Climate Policy Should Utilize A Market-Based Cap And Trade System.
  • Climate Policy Must Include Mechanisms To Minimize Costs And Work Effectively With Other Markets.
  • Climate Policy Must Spur The Development And Deployment Of Advanced Technology.
  • Climate Policy Must Facilitate International Efforts To Solve The Problem.


John McCain’s Cap and Trade PolicyJohn McCain Proposes A Cap-And-Trade System That Would Set Limits On Greenhouse Gas Emissions While Encouraging The Development Of Low-Cost Compliance Options. A climate cap-and-trade mechanism would set a limit on greenhouse gas emissions and allow entities to buy and sell rights to emit, similar to the successful acid rain trading program of the early 1990s. The key feature of this mechanism is that it allows the market to decide and encourage the lowest-cost compliance options.

How Does A Cap-And-Trade System Work?A cap-and-trade system harnesses human ingenuity in the pursuit of alternatives to carbon-based fuels. Market participants are allotted total permits equal to the cap on greenhouse gas emissions. If they can invent, improve, or acquire a way to reduce their emissions, they can sell their extra permits for cash. The profit motive will coordinate the efforts of venture capitalists, corporate planners, entrepreneurs, and environmentalists on the common motive of reducing emissions.

Greenhouse Gas Emission Targets And Timetables

2012: Return Emissions To 2005 Levels (18 Percent Above 1990 Levels)2020: Return Emissions To 1990 Levels (15 Percent Below 2005 Levels)

2030: 22 Percent Below 1990 Levels (34 Percent Below 2005 Levels)

2050: 60 Percent Below 1990 Levels (66 Percent Below 2005 Levels)

The Cap And Trade System Would Allow For The Gradual Reduction Of Emissions.

The cap and trade system would encompass electric power, transportation fuels, commercial business, and industrial business – sectors responsible for just below 90 percent of all emissions. Small businesses would be exempt. Initially, participants would be allowed to either make their own GHG reductions or purchase “offsets” – financial instruments representing a reduction, avoidance, or sequestration of greenhouse gas emissions practiced by other activities, such as agriculture – to cover 100 percent of their required reductions. Offsets would only be available through a program dedicated to ensure that all offset GHG emission reductions are real, measured and verifiable. The fraction of GHG emission reductions permitted via offsets would decline over time.Innovating, Developing and Deploying Technologies

To Support The Cap And Trade System, John McCain Will Promote The Innovation, Development And Deployment Of Advanced Technologies. John McCain will reform federal government research funding and infrastructure to support the cap and trade emissions reduction goals and emphasize the commercialization of low-carbon technologies. Under John McCain’s plan:

Emissions Permits Will Eventually Be Auctioned To Support The Development Of Advanced Technologies. A portion of the process of these auctions will be used to support a diversified portfolio of research and commercialization challenges, ranging from carbon capture and sequestration, to nuclear power, to battery development. Funds will also be used to provide financial backing for a Green Innovation Financing and Transfer (GIFT) to facilitate commercialization.John McCain Will Streamline The Process For Deploying New Technologies And Requiring More Accountability From Government Programs To Meet Commercialization Goals And Deadlines.

John McCain Will Ensure Rapid Technology Introduction, Quickly Shifting Research From The Laboratory To The Marketplace.

John McCain Will Employ The Inherent Incentives Provided By A Cap-And-Trade System Along With Government-Led Competitions As Incentives For New Technology Deployment.

John McCain Will Foster Rapid and Clean Economic Growth

John McCain Believes An Effective And Sustainable Climate Policy Must Also Support Rapid Economic Growth. John McCain will use a portion of auction proceeds to reduce impacts on low-income American families. The McCain plan will accomplish this in part by incorporating measures to mitigate any economic cost of meeting emission targets, including:

Trading Emission Permits To Find The Lowest-Cost Source Of Emission Reductions.Permitting “Banking” And “Borrowing” Of Permits So That Emission Reductions May Be Accelerated Or Deferred To More Economically Efficient Periods.

Permitting Unlimited Initial Offsets From Both Domestic And International Sources.

Effectively Integrating U.S. Trading With Other International Markets, Thereby Providing Access To Low-Cost Permit Sources.

Establishing A Strategic Carbon Reserve As A National Source Of Permits During Periods Of Economic Duress.

Early Allocation Of Some Emission Permits On Sound Principles. This will provide significant amount of allowances for auctioning to provide funding for transition assistance for consumers and industry. It will also directly allocate sufficient permits to enable the activities of a Climate Change Credit Corporation, the public-private agency that will oversee the cap and trade program, provide credit to entities for reductions made before 2012, and ease transition for industry with competitiveness concerns and fewer efficiency technology options.

A commission will also be convened to provide recommendations on the percentage of allowances to be provided for free and the percentage of allowances to be auctioned, and develop a schedule for transition from allocated to maximum auctioned allowances. Cap-and-trade system will also work to maximize the amount of allowances that are auctioned off by 2050. John McCain Will Provide Leadership for Effective International Efforts John McCain Believes That There Must Be A Global Solution To Global Climate Change. John McCain will engage the international community in a coordinated effort by:

Actively Engaging To Lead United Nations Negotiations.Permitting America To Lead In Innovation, Capture The Market On Low-Carbon Energy Production, And Export To Developing Countries – Including Government Incentives And Partnerships For Sales Of Clean Tech To Developing Countries.

Provide Incentives For Rapid Participation By India And China, While Negotiating An Agreement With Each. John McCain Will Develop a Climate Change Adaptation Plan John McCain Believes A Comprehensive Approach To Addressing Climate Change Includes Adaptation As Well As Mitigation. He believes:

An Adaptation Plan Should Be Based Upon National And Regional Scientific Assessments Of The Impacts Of Climate Change.An Adaptation Plan Should Focus On Implementation At The Local Level Which Is Where Impacts Will Manifest Themselves.

A Comprehensive Plan Will Address The Full Range Of Issues: Infrastructure, Ecosystems, Resource Planning, And Emergency Preparation.

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There are a ton of problems with this plan but the first of the problems is IT”S TOO LONG. In fact, I doubt that anyone will ever read these words, and not just because this is an obscure blog at an obscure site. Nobody will ever get this far! The other problem is it takes too long. I mean no significant reductions before 2050. Who is going to be left alive at that point? But the real killer is the Cap and Trade system. This is just an industry fudge to get around the Clean Air Act. We need to shut down every coal fired powerplant in this country. Contrary to T. Boone Pickens, we need to convert all of those plants to natural gas, until we can get rid of them. We need to start at least three major “Hot Rocks” projects here in the US now. More about Cap and Trade when we look at Obama’s environmental proposals.

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Barack Obama’s Energy Policies – The Pandering continues

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I mean look, Oil Producers are just that and OIL is just a commodity. What we really need to do is to quit using the stuff for things like transportation, making plastics and heating homes. The last is just dumb. Every last fuel oil heated home should be outlawed. Their equipment yanked and recycled. What we need in this country is a rational energy policy that shifts us to solar, wind, geothermal and tidal energy. 1/2 of this country’s population lives on or near a coast line and yet NO ONE is even mentioning tidal power. So this is what you say if you want to be elected President.

http://my.barackobama.com/page/content/newenergy_more#oil

Eliminate Our Current Imports from the Middle East and Venezuela within 10 Years

  • Increase Fuel Economy Standards. Obama and Biden will increase fuel economy standards 4 percent per year while providing $4 billion for domestic automakers to retool their manufacturing facilities in America to produce these vehicles.
  • Get 1 Million Plug-In Hybrid Cars on the Road by 2015. These vehicles can get up to 150 miles per gallon. Barack Obama and Joe Biden believe we should work to ensure these cars are built here in America, instead of factories overseas.
  • Create a New $7,000 Tax Credit for Purchasing Advanced Vehicles.
  • Establish a National Low Carbon Fuel Standard. Obama and Biden will establish a National Low Carbon Fuel Standard (LCFS) to reduce the carbon in our fuels 10 percent by 2020. Obama and Biden will also require 60 billion gallons of advanced biofuels to be phased into our fuel supply by 2030.
  • A “Use it or Lose It” Approach to Existing Oil and Gas Leases. Obama and Biden will require oil companies to develop the 68 million acres of land (over 40 million of which are offshore) which they have already leased and are not drilling on.
  • Promote the Responsible Domestic Production of Oil and Natural Gas. An Obama-Biden administration will establish a process for early identification of any infrastructure obstacles/shortages or possible federal permitting process delays to drilling in the Bakken Shale formation, the Barnett shale formation, and the National Petroleum Reserve-Alaska.

« Return to New Energy for America

I like the “use it or lose it” part. Especially since the International Energy Organization is going to force re-estimation of proven, know and simple reserves to reflect reality. But one could ask for so much more. How about declaring Hanford, WA a National Sacrifice Zone and immediately storing all low level radioactive material there? 

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John McCain’s Energy Policies – The “drill here, drill now” crowd looks pretty foolish right about now

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Even Bill O’Reilly agrees with me:

www.billoreilly.com

The rapid rise in Oil Prices and the concurrent rise in gasoline prices was caused by speculators in the oil market, reductions in gas refinement, the drop in the dollar value because of speculators, and China stock piling diesel fuel for the Olympics. There is no way that it was remotely related to supply and demand. Demand fell as the price climbed. Even conservative estimates say that so far this year Americans have driven 50 billion miles fewer than just last year.

Even worse than that is the fact that the Congress conceded the point to an angry electorate and passed a bill expanding drilling. That inspite of the fact that there is no oil in ANWR or along most of the continental shelf, there will be no bids on the leases if they are ever put up for sale, and we don’t have any oil rigs to drill there anyway. Every last rigg in the WORLD is spoken for right now.

So given all of that why is John McCain still touting the policy below?:

http://www.johnmccain.com/Informing/Issues/17671aa4-2fe8-4008-859f-0ef1468e96f4.htm

John McCain Will Commit Our Country To Expanding Domestic Oil Exploration. The current federal moratorium on drilling in the Outer Continental Shelf stands in the way of energy exploration and production. John McCain believes it is time for the federal government to lift these restrictions and to put our own reserves to use. There is no easier or more direct way to prove to the world that we will no longer be subject to the whims of others than to expand our production capabilities. We have trillions of dollars worth of oil and gas reserves in the U.S. at a time we are exporting hundreds of billions of dollars a year overseas to buy energy. This is the largest transfer of wealth in the history of mankind. We should keep more of our dollars here in the U.S., lessen our foreign dependency, increase our domestic supplies, and reduce our trade deficit – 41% of which is due to oil imports. John McCain proposes to cooperate with the states and the Department of Defense in the decisions to develop these resources.

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Shouldn’t we be saying “anywhere but here, anytime but now”? Like New Orleanians say about hurricanes.
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Barack Obama’s Energy Policies – Why pander to the Public?

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I find it a bit galling that Obama starts off his Energy Policy section with the section below. Yes everyone has been hurt by speculation enabled by Phil and Wendy Gramm who canceled the depression era Glass-Steagall Act. This brought us ENRON and then all the commodity speculation after the dollar shed it’s value like a winter coat on a summer day. But DEAL with that! Double the oil companies taxes if you must, but do it up front. Windfall Profit taxes never produce any money and it is sooooo Jimmy Carter.

If you wanted bold energy policy why not announce that you were going to ban the sale of gasoline by 2015? That would drop the price of gasoline into the toilet, divert oil to our real needs which is pharmacueticals and restructure our energy future in one clean break. If you wanted real productive energy policy, follow that with a ban on using oil and natural gas in plastics. That would leave most of the oil and coal where it belongs…IN the ground. Instead we get this:

 http://my.barackobama.com/page/content/newenergy_more#relief

Provide Short-term Relief to American Families

  • Enact a Windfall Profits Tax to Provide a $1,000 Emergency Energy Rebate to American Families.Obama and Biden will enact a windfall profits tax on excessive oil company profits to give American families an immediate $1,000 emergency energy rebate to help families pay rising bills. This relief would be a down payment on the Obama-Biden long-term plan to provide middle-class families with at least $1,000 per year in permanent tax relief.
  • Crack Down on Excessive Energy Speculation. Barack Obama and Joe Biden will close energy industry market loopholes and increase transparency to prevent traders from unfairly lining their pockets, while driving up oil prices at the expense of the American people.
  • Swap Oil from the Strategic Petroleum Reserve to Cut Prices. With oil prices doubling in the past year, Barack Obama and Joe Biden believe we have an economic emergency that requires a limited, responsible swap of light oil from the Strategic Petroleum Reserve (SPR) for heavy crude oil to help bring down prices at the pump.

« Return to New Energy for America

John McCain Capriciousness Will Cost Him The Election – The myth of the multiple Nukes

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McCain is a hot headed shoot from the hip cowboy Republican and his Nuclear Policy, such as it is, shows it. He is George Bush, Dick Cheney and Karl Rove combined without the nasty little snicker. He could have stated a policy pro-nuclear. He could have stated a policy of 3 or 4 Nuclear Power Plants, with a “we’ll see how it goes” clause. He could have done something helpful as a Republican and said, “We will open the waste depository in Nevada within the first year of our presidency.” Something no Democrat could offer because of Harry Reid.

But instead he wants to try to build 45 Nuclear Power Plants. That is 1 for almost every state in the Nation! That with the credit markets paralyzed and a new generation of “light reactors” that have not been tested in the US. Then he goes on to say with “a goal of building 100”. This is so off the charts as to be dismissable. That is, it is impossible. So why so over the top? BECAUSE THAT IS what John wants to do. That’s it. So what else does John want that is inconceivable to most of us? But if he was President of the US he could get just because he wanted it? War with Iran? War with Russia? More to the point a Florida surrounded by oil wells? A move to cripple the solar and wind turbine markets? T. Boone Pickens Plan? What?

That is pretty scary….

Barack Obama’s Climate Change Policies – He makes no distinction between Climate and Energy use

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But John McCain does make such a distinction so in fairness, I did too.

http://my.barackobama.com/page/content/newenergy

Reduce our Greenhouse Gas

Emissions 80 Percent by 2050

• Implement an economy-wide cap-and-trade program to reduce greenhouse gas emissions 80 percent by 2050.
• Make the U.S. a Leader on Climate Change.

Learn More…
 

GET THE DETAILS:

Read the full version of The Obama-Biden New Energy for America plan

The Obama-Biden environmental plan

The Obama-Biden plan to crack down on excessive energy speculation
 

Barack Obama’s Energy Policies – Please note that his Energy Policies and His Climate Policies are on one page

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John McCain just does not get it. The Energy situation we are in and the Climate situation we are in are one and the same thing. For now let me say that in debate and in arguementation, when someone lists every possible answer they can think of, I think that they don’t know what they are talking about. That was John McCain’s approach. Obama’s policies are brief, pointed and focused.

The Obama-Biden comprehensive New Energy for America plan will:

     

  • Provide short-term relief to American families facing pain at the pump
  • Help create five million new jobs by strategically investing $150 billion over the next ten years to catalyze private efforts to build a clean energy future.
  • Within 10 years save more oil than we currently import from the Middle East and Venezuela combined.
  • Put 1 million Plug-In Hybrid cars — cars that can get up to 150 miles per gallon — on the road by 2015, cars that we will work to make sure are built here in America.
  • Ensure 10 percent of our electricity comes from renewable sources by 2012, and 25 percent by 2025.
  • Implement an economy-wide cap-and-trade program to reduce greenhouse gas emissions 80 percent by 2050.

ENERGY PLAN OVERVIEW:

Provide Short-term Relief to American Families

• Enact a Windfall Profits Tax to Provide a $1,000 Emergency Energy Rebate to American Families.
• Crack Down on Excessive Energy Speculation.
• Swap Oil from the Strategic Petroleum Reserve to Cut Prices.

Learn More…
 

Eliminate Our Current Imports from the Middle East and Venezuela within 10 Years

• Increase Fuel Economy Standards.
• Get 1 Million Plug-In Hybrid Cars on the Road by 2015.
• Create a New $7,000 Tax Credit for Purchasing Advanced Vehicles.
• Establish a National Low Carbon Fuel Standard.
• A “Use it or Lose It” Approach to Existing Oil and Gas Leases.
• Promote the Responsible Domestic Production of Oil and Natural Gas.

Learn More…
 

Create Millions of New Green Jobs

• Ensure 10 percent of Our Electricity Comes from Renewable Sources by 2012, and 25 percent by 2025.
• Deploy the Cheapest, Cleanest, Fastest Energy Source – Energy Efficiency.
• Weatherize One Million Homes Annually.
• Develop and Deploy Clean Coal Technology.
• Prioritize the Construction of the Alaska Natural Gas Pipeline.

Learn More…
 

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Please go to the site and look at the videos. They are very cool.
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John McCain’s Climate Change Policy – Please note there is no mention of Kyoto

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Or for that matter any supporting evidence. Also note that he has 2 seperate policies, 1 for energy and 1 for climate change. Like the 2 have nothing to do with each other. Thus carbon is a problem twice. Also realize that cap and trade is an industry creation with the neoconservationists or collaboraters, thus suspect from the beginning.

Climate Change John McCain will establish a market-based system to curb greenhouse gas (GHG) emissions, mobilize innovative technologies, and strengthen the economy. He will work with our international partners to secure our energy future, to create opportunities for American industry, and to leave a better future for our children.John McCain’s Principles for Climate Policy
  • Climate Policy Should Be Built On Scientifically-Sound, Mandatory Emission Reduction Targets And Timetables.
  • Climate Policy Should Utilize A Market-Based Cap And Trade System.
  • Climate Policy Must Include Mechanisms To Minimize Costs And Work Effectively With Other Markets.
  • Climate Policy Must Spur The Development And Deployment Of Advanced Technology.
  • Climate Policy Must Facilitate International Efforts To Solve The Problem.


John McCain’s Cap and Trade PolicyJohn McCain Proposes A Cap-And-Trade System That Would Set Limits On Greenhouse Gas Emissions While Encouraging The Development Of Low-Cost Compliance Options. A climate cap-and-trade mechanism would set a limit on greenhouse gas emissions and allow entities to buy and sell rights to emit, similar to the successful acid rain trading program of the early 1990s. The key feature of this mechanism is that it allows the market to decide and encourage the lowest-cost compliance options.How Does A Cap-And-Trade System Work?A cap-and-trade system harnesses human ingenuity in the pursuit of alternatives to carbon-based fuels. Market participants are allotted total permits equal to the cap on greenhouse gas emissions. If they can invent, improve, or acquire a way to reduce their emissions, they can sell their extra permits for cash. The profit motive will coordinate the efforts of venture capitalists, corporate planners, entrepreneurs, and environmentalists on the common motive of reducing emissions.Greenhouse Gas Emission Targets And Timetables

2012: Return Emissions To 2005 Levels (18 Percent Above 1990 Levels)2020: Return Emissions To 1990 Levels (15 Percent Below 2005 Levels)2030: 22 Percent Below 1990 Levels (34 Percent Below 2005 Levels)

2050: 60 Percent Below 1990 Levels (66 Percent Below 2005 Levels)

The Cap And Trade System Would Allow For The Gradual Reduction Of Emissions.

The cap and trade system would encompass electric power, transportation fuels, commercial business, and industrial business – sectors responsible for just below 90 percent of all emissions. Small businesses would be exempt. Initially, participants would be allowed to either make their own GHG reductions or purchase “offsets” – financial instruments representing a reduction, avoidance, or sequestration of greenhouse gas emissions practiced by other activities, such as agriculture – to cover 100 percent of their required reductions. Offsets would only be available through a program dedicated to ensure that all offset GHG emission reductions are real, measured and verifiable. The fraction of GHG emission reductions permitted via offsets would decline over time.Innovating, Developing and Deploying TechnologiesTo Support The Cap And Trade System, John McCain Will Promote The Innovation, Development And Deployment Of Advanced Technologies. John McCain will reform federal government research funding and infrastructure to support the cap and trade emissions reduction goals and emphasize the commercialization of low-carbon technologies. Under John McCain’s plan:

Emissions Permits Will Eventually Be Auctioned To Support The Development Of Advanced Technologies. A portion of the process of these auctions will be used to support a diversified portfolio of research and commercialization challenges, ranging from carbon capture and sequestration, to nuclear power, to battery development. Funds will also be used to provide financial backing for a Green Innovation Financing and Transfer (GIFT) to facilitate commercialization.John McCain Will Streamline The Process For Deploying New Technologies And Requiring More Accountability From Government Programs To Meet Commercialization Goals And Deadlines.John McCain Will Ensure Rapid Technology Introduction, Quickly Shifting Research From The Laboratory To The Marketplace.

John McCain Will Employ The Inherent Incentives Provided By A Cap-And-Trade System Along With Government-Led Competitions As Incentives For New Technology Deployment.

John McCain Will Foster Rapid and Clean Economic Growth

John McCain Believes An Effective And Sustainable Climate Policy Must Also Support Rapid Economic Growth. John McCain will use a portion of auction proceeds to reduce impacts on low-income American families. The McCain plan will accomplish this in part by incorporating measures to mitigate any economic cost of meeting emission targets, including:

Trading Emission Permits To Find The Lowest-Cost Source Of Emission Reductions.Permitting “Banking” And “Borrowing” Of Permits So That Emission Reductions May Be Accelerated Or Deferred To More Economically Efficient Periods.Permitting Unlimited Initial Offsets From Both Domestic And International Sources.

Effectively Integrating U.S. Trading With Other International Markets, Thereby Providing Access To Low-Cost Permit Sources.

Establishing A Strategic Carbon Reserve As A National Source Of Permits During Periods Of Economic Duress.

Early Allocation Of Some Emission Permits On Sound Principles. This will provide significant amount of allowances for auctioning to provide funding for transition assistance for consumers and industry. It will also directly allocate sufficient permits to enable the activities of a Climate Change Credit Corporation, the public-private agency that will oversee the cap and trade program, provide credit to entities for reductions made before 2012, and ease transition for industry with competitiveness concerns and fewer efficiency technology options.

A commission will also be convened to provide recommendations on the percentage of allowances to be provided for free and the percentage of allowances to be auctioned, and develop a schedule for transition from allocated to maximum auctioned allowances. Cap-and-trade system will also work to maximize the amount of allowances that are auctioned off by 2050. John McCain Will Provide Leadership for Effective International Efforts John McCain Believes That There Must Be A Global Solution To Global Climate Change. John McCain will engage the international community in a coordinated effort by:Actively Engaging To Lead United Nations Negotiations.Permitting America To Lead In Innovation, Capture The Market On Low-Carbon Energy Production, And Export To Developing Countries – Including Government Incentives And Partnerships For Sales Of Clean Tech To Developing Countries.Provide Incentives For Rapid Participation By India And China, While Negotiating An Agreement With Each.

John McCain Will Develop a Climate Change Adaptation Plan John McCain Believes A Comprehensive Approach To Addressing Climate Change Includes Adaptation As Well As Mitigation. He believes: An Adaptation Plan Should Be Based Upon National And Regional Scientific Assessments Of The Impacts Of Climate Change.An Adaptation Plan Should Focus On Implementation At The Local Level Which Is Where Impacts Will Manifest Themselves.A Comprehensive Plan Will Address The Full Range Of Issues: Infrastructure, Ecosystems, Resource Planning, And Emergency Preparation.
 
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